Clio Snacks acquired by Stride Consumer Partners

Boston-based private equity firm Stride Consumer Partners has acquired New Jersey-born refrigerated Greek yogurt bar maker Clio Snacks.

Financial terms were not disclosed in an Oct. 6 news release.

In the announcement, Stride said it will focus on driving continued investment across key areas of Clio’s business, including brand building, expanded distribution, operational capabilities and innovation. It wasn’t immediately clear whether the acquisition would have any impacts on Clio’s leadership team or roughly 170 employees.

As the snack industry’s first and only refrigerated yogurt bar, Clio is shaking up the better-for-you market with its blend of creamy Greek yogurt and decadent dark chocolate coating.

Fast track

Clio has a retail footprint of 60,000 stores across the U.S. Sellers include major chains, such as ShopRite, Walmart, Target, Whole Foods Market and Sam’s Club.

The Piscataway-based brand is on track to hit $120 million in annual revenue this year. That’s up from $85 million in 2025.

Founded in 2015 by Ukrainian immigrant Sergey Konchakovskiy, Clio was born from an experiment with strained Greek yogurt that led to its signature refrigerated yogurt bars.

John McGuckin took the helm as CEO of Clio in 2021. Since then, the company has rapidly scaled its retail footprint and manufacturing capabilities. It has also expanded from single-serve bars to new flavors and formats, like a snackable multipack format.

This year, Clio says it expects to churn out more than 150 million bars at its 86,000-square-foot production site in Piscataway.

Serious snacking

McGuckin told NJBIZ earlier this year he believes the brand can become a $300 million-plus business within the next five years through a combination of deeper U.S. penetration and international expansion.

“We have a great team, great product, great culture, and the results sort of speak for themselves,” the consumer packaged goods veteran said. “It’s a long way to go. But, growing the business four or five times in four years is certainly no joke.”

As a brand at the intersection of yogurt and refrigerated snacking, McGuckin said he sees plenty of opportunities to innovate. And, he told NJBIZ, “There are many, many places that we can go even in just the refrigerated case” by “not leaving the guardrails of handheld and by making sure that our number one priority is flavor delight while maintaining sort of this permissibly indulgent umbrella.”

Clio’s momentum under McGuckin has not gone unnoticed. In June, he was among 11 regional winners from New Jersey for EY’s 2026 Entrepreneur of the Year Award.

‘We jumped at the opportunity’

Founded in 2021, Stride partners with founders, entrepreneurs and business leaders to build and scale brands. As of August, the firm has more than $1.3 billion in assets under management.

Its portfolio of consumer brands includes Crown Affair haircare, Peachy skincare, Serenity Kids food products, Odele haircare, Patrick Ta makeup, Truewerk workwear, Chomps meat sticks and Skinfix skincare.

Stride partner Juan Marcos Hill said, “We have been trying to partner with Clio for years, admiring the brand’s vision and how the team has truly built a differentiated brand in the rapidly growing better-for-you ‘permissive indulgence’ snacking space.”

“We jumped at the opportunity to partner with the Clio team and support the company as it scales,” Stride Vice President Emma Greenwood added.

McGuckin commented, “When I joined Clio, we already had an incredible product and a passionate consumer base. We saw a tremendous opportunity to build the infrastructure and scale the business. Partnering with Stride gives us the resources and support to build on that momentum.”

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